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Venezuela Turns To India For Major Oil Exports As US Sanctions Bite
Venezuela's oil exports have tapered off and shifted toward India since new US sanctions began on January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
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Venezuela To Freeze Self-Declared President's Accounts As Sanctions Bite
Venezuela's government moved against self-proclaimed interim president Juan Guaido on Tuesday, seeking a travel ban and a freeze on his bank accounts, while state-run oil company PDVSA sought to sidestep U.S. sanctions.
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Venezuela Proposes New Oil Contract Terms To Sidestep US Sanctions
Venezuela's state-run oil company PDVSA is seeking to sidestep Trump administration sanctions restricting payments for its oil by asking major buyers, including U.S. refiners, to renegotiate contracts, four sources involved in the talks said.
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US Sanctions Venezuelan State Oil Firm, Nicolas Maduro Under Pressure
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial challenge yet to the country's embattled socialist president, Nicolas Maduro.
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ONGC Videsh To Provide $318 Million Financing Guarantee To Venezuela
OVL, the overseas arm of state-owned ONGC, owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about $190 million in the project in 2008. State-run Petroleos de Venezuela SA (PDVSA) holds the remaining stake.
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Selling Uniforms For Food, Venezuela Oil Workers Feel The Pinch
For decades, jobs at Venezuela's state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for many workers.
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ONGC $500 Million San Cristobal Investment Deal Imminent: PDVSA
Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's president said on Tuesday.
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Meeting of OPEC, Non-OPEC States Set for October 21: Venezuela
Venezuela -- which has been trying hard to persuade oil producers to cut output in order to boost prices -- announced Thursday that a technical meeting of OPEC and other crude-producing countries would take place on October 21.
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Venezuela's President Nicolas Maduro to Visit China, Vietnam for Finance Deals
Venezuelan President Nicolas Maduro on Friday said he will visit China and Vietnam to sign economic and financing deals, as the OPEC nation struggles to make ends meet at a time of low oil prices.
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ONGC, PDVSA Aim to Raise Around $1 Billion for Venezuela JV: Report
Indian banks are poised to lend the money to the joint venture, the sources said, though ONGC would provide the guarantee and the breakdown of the loan's repayment has not yet been decided.
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ONGC Videsh signs pact with Venezuelan firm
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has signed a memorandum of understanding (MoU) with Venezuelan state oil firm PDVSA for cooperation in oil-rich Faja area of the Latin American nation.
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Reliance Industries to take up oil block in Venezuela
Separately, state-run Oil and Natural Gas Corp also signed a preliminary agreement with PDVSA to join exploration efforts in the oil-rich Faja area of Venezuela, the Indian firm said.
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Reliance Industries signs crude supply pact, MoU with Venezuela's PDVSA
PDVSA will supply between 300,000 and 400,000 barrels per day of Venezuelan heavy crude oil to Reliances two refineries in Jamnagar under a 15-year crude oil supply contract.
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Blast rocks Venezuela's largest refinery, kills 19
A large gas explosion shook Venezuela's biggest refinery, the 645,000-barrels-per-day Amuay facility, killing 19 people before dawn on Saturday, officials said.
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Venezuela Turns To India For Major Oil Exports As US Sanctions Bite
Venezuela's oil exports have tapered off and shifted toward India since new US sanctions began on January 28 as state-run oil company PDVSA seeks to replace deliveries to the United States and Europe that were disrupted by payment restrictions.
-
Venezuela To Freeze Self-Declared President's Accounts As Sanctions Bite
Venezuela's government moved against self-proclaimed interim president Juan Guaido on Tuesday, seeking a travel ban and a freeze on his bank accounts, while state-run oil company PDVSA sought to sidestep U.S. sanctions.
-
Venezuela Proposes New Oil Contract Terms To Sidestep US Sanctions
Venezuela's state-run oil company PDVSA is seeking to sidestep Trump administration sanctions restricting payments for its oil by asking major buyers, including U.S. refiners, to renegotiate contracts, four sources involved in the talks said.
-
US Sanctions Venezuelan State Oil Firm, Nicolas Maduro Under Pressure
The Trump administration on Monday imposed sweeping sanctions on Venezuelan state-owned oil firm PDVSA, the toughest U.S. financial challenge yet to the country's embattled socialist president, Nicolas Maduro.
-
ONGC Videsh To Provide $318 Million Financing Guarantee To Venezuela
OVL, the overseas arm of state-owned ONGC, owns 40 per cent of Venezuela's San Cristobal oilfield and had invested about $190 million in the project in 2008. State-run Petroleos de Venezuela SA (PDVSA) holds the remaining stake.
-
Selling Uniforms For Food, Venezuela Oil Workers Feel The Pinch
For decades, jobs at Venezuela's state-run oil giant PDVSA were coveted for above average salaries, generous benefits and cheap credit that brought home ownership and vacationing abroad within reach for many workers.
-
ONGC $500 Million San Cristobal Investment Deal Imminent: PDVSA
Venezuela's state oil company PDVSA is about to clinch a deal for India's Oil and Natural Gas Corp to invest some $500 million in their San Cristobal joint venture, the South American company's president said on Tuesday.
-
Meeting of OPEC, Non-OPEC States Set for October 21: Venezuela
Venezuela -- which has been trying hard to persuade oil producers to cut output in order to boost prices -- announced Thursday that a technical meeting of OPEC and other crude-producing countries would take place on October 21.
-
Venezuela's President Nicolas Maduro to Visit China, Vietnam for Finance Deals
Venezuelan President Nicolas Maduro on Friday said he will visit China and Vietnam to sign economic and financing deals, as the OPEC nation struggles to make ends meet at a time of low oil prices.
-
ONGC, PDVSA Aim to Raise Around $1 Billion for Venezuela JV: Report
Indian banks are poised to lend the money to the joint venture, the sources said, though ONGC would provide the guarantee and the breakdown of the loan's repayment has not yet been decided.
-
ONGC Videsh signs pact with Venezuelan firm
ONGC Videsh Ltd, the overseas arm of Oil and Natural Gas Corp (ONGC), has signed a memorandum of understanding (MoU) with Venezuelan state oil firm PDVSA for cooperation in oil-rich Faja area of the Latin American nation.
-
Reliance Industries to take up oil block in Venezuela
Separately, state-run Oil and Natural Gas Corp also signed a preliminary agreement with PDVSA to join exploration efforts in the oil-rich Faja area of Venezuela, the Indian firm said.
-
Reliance Industries signs crude supply pact, MoU with Venezuela's PDVSA
PDVSA will supply between 300,000 and 400,000 barrels per day of Venezuelan heavy crude oil to Reliances two refineries in Jamnagar under a 15-year crude oil supply contract.
-
Blast rocks Venezuela's largest refinery, kills 19
A large gas explosion shook Venezuela's biggest refinery, the 645,000-barrels-per-day Amuay facility, killing 19 people before dawn on Saturday, officials said.
